Visa has approved a microSD card for proximity payments, slotted into the BlackBerry Bold or Samsung Galaxy S, paving the way for payWave transactions on a mobile phone.
Visa's approval doesn't mean the cards, which come from DeviceFidelity, will definitely be available, but it does mean a bank currently issuing Visa payWave …

Err?

Your link proves nothing - some info may have been obtained from a card (as far as I was aware there is actually encrypted interaction with the chip, which they didn't achieve.) Even if they did get all the information from the card, there was no ccv, so it's not possible to use the card info CNP.